ALEXANDRIA, Va., June 5 -- United States Patent no. 12,277,553, issued on April 15, was assigned to Visa International Service Association (San Francisco).
"Blockchain based interaction processing" was invented by Manas Sharma (Singapore).
According to the abstract* released by the U.S. Patent & Trademark Office: "A method is disclosed. The method includes receiving a first interaction request to transfer a first interaction amount from a sender to a receiver. The first interaction request comprise a sender identifier, a receiver identifier, the first interaction amount, and a condition. The computer generates a smart contract this information, and then hashes the to form a first hash key. The computer incorporates the information, and th...